Did you know that you can drive off in the car of your dreams, even if you have imperfect credit? Keep reading to learn more about how you can find the best auto loans for people with bad credit. 

Purchasing a new car can also be a stressful experience, especially if you've been rejected for an auto loan in the past. Many people believe that you can't get an auto loan if you have bad credit, but that's simply not true. Anyone can apply for a car loan, even if they have imperfect credit! Whether you have a low credit score due to short credit history, or poor credit from mishandling your financial affairs, there is an auto loan out there for you — in fact, you might be surprised at how low your monthly payments can be! Keep reading to learn more about the best auto loans for people with poor credit. 

Capital One

Capital One offers auto-financing for new or used cars to over 12,000 car dealerships across the USA — and this even includes consumers with less than stellar credit scores. If you have bad credit, you can benefit from Capital One's pre-qualification auto loan process. Choosing to check your eligibility with pre-qualification means that you can avoid taking a hit on your credit report. This means you don't have to worry about damaging your score while shopping around for the best loan rates. In addition, Capital One also offers an Auto Navigator tool that gives you an instant comparison list for potential car payments and loan interest rates.

Advantages:

• Loan application is simple and quick 
• Online financing is available

Disadvantages: 

• You cannot finance car sales through private sellers 
• The loan amount must be a minimum of $4,000

Auto Credit Express

Auto Credit Express is dedicated to providing "Hassle-Free Auto Financing" by making it fast and easy to find the best auto financing for your needs — no matter what your credit score is. In fact, they'll even provide auto loans to people who have experienced bankruptcy or have a credit score below 625! Use Auto Credit Express to find the best loan to match your needs and finance any new or used car at the car dealership of your choice. 

One important thing to note is that if your credit score is lower than 625, you must have gross monthly earnings of at least $1,500 to qualify for a loan with Auto Credit Express.

Advantages:

• There are multiple loan options
• You can finance both new and used cars
• Older model vehicles are accepted for financing
• You can purchase through a traditional dealer or special finance dealership

Disadvantages:

• Vehicles purchased through private sellers are not eligible.

MyAutoLoan.com

 Applying for an auto loan with a low credit rating can be challenging. Many lenders will deny your application or offer unfavorable terms, such as a high-interest rate. Fortunately, MyAutoLoan.com is willing to work with your credit situation to get you a great deal. In as little as 2 minutes, myautoloan.com can find you several different lenders and loan options to choose from. 

To qualify for an auto loan through MyAutoLoan.com, you must have a monthly income of at least $1800. In addition, your credit report should be free from bankruptcies, and the car you'd like to finance should be no older than ten years old. To determine your potential APR, check out the interest rate calculator on the myautolaon.com website.

Advantages:

• Fast and easy process — apply in as little as two minutes
• Choose from 4 lenders in any one search
• Receive fast approval within 24 hours
• Car purchases from private sellers are eligible for financing
• There are no fees 
• You can also refinance

Disadvantages:

• Your personal information is shared with lenders
• If your vehicle is an older car with high mileage, your loan may not be approved

Find the Best Auto-Loan Online 

Making a car purchase is a dream come true for many people, but it can be stressful too! Especially when you're trying to finance your vehicle with less than stellar credit. Finding the best lenders to finance your dream car can be a challenge for people with bad credit scores or limited credit history. Fortunately, if you're willing to do a little research online, you can find great deals on your next auto loan online. Use the recommendations above to start your search for a new auto lender today and make your dream of buying a new vehicle a reality!